Bankruptcy can be a necessary step towards financial recovery. However, it will also leave a mark on your credit report, making it difficult to secure loans, rent apartments or even get certain jobs. But fear not, Californians! There are effective strategies you can...
Consumer bankruptcy is a legal process designed to help individuals who are unable to repay their debts get a fresh financial start. The most common forms of consumer bankruptcy in the United States are Chapter 7 and Chapter 13. Understanding what bankruptcy entails...
When facing overwhelming debt, individuals often explore bankruptcy as a means of finding financial relief. In California, Chapter 7 bankruptcy is a common avenue pursued by those seeking a fresh start. Understanding the classification of assets into exempt and...
You have emerged from bankruptcy, mildly scathed but you know that with the guidance of your attorney, you are on a path that represents a new financial beginning. But you realize the need to change your financial lifestyle in the way you spend money and how you make...
Many people have some kind of debt they’re planning to pay off in the next five to ten years. Ten years is a long time and these people will likely put on more debt. Some debt, however, needs to be paid off sooner rather than later and that can put a lot of stress on...
Most people feel a strong aversion to the idea of filing bankruptcy. It likely offends their sense of responsibility and makes them worry about their financial future. Quite a few people believe myths about bankruptcy, like the common claim that those who file have to...
It is not always easy to know when a bankruptcy could be the right choice for you, but there are some red flags that may help you recognize that you are in financial trouble. By recognizing when you’re in over your head in debt, you’ll be in a better position to help...
If you perform an internet search to look for ways to get out of credit card debt, you will probably find several options that look appealing initially. Credit card debt settlement, consolidation loans and even balance transfers all seem to be a way for you to regain...
If your debts are higher than your income and your creditors have started becoming aggressive in their collection efforts, bankruptcy might be your next step. Instead of trying to make payments every month and struggling to stay afloat, you might just want to get a...
La legislación de 2020 nombrada la Ley Bipartidista de Alivio y Seguridad Económica del Coronavirus (conocida en inglés como el “CARES Act”) trajo muchísimo alivio a los trabajadores y a las familias de baja y media clase en los Estados Unidos. Proveyó beneficios que...
